Kaman signs agreement to acquire Calkins Fluid Power

Source: www.kaman.com

Nov 09, 2015

Kaman Corporation has announced its distribution segment has signed a definitive agreement to acquire all the assets of Calkins Fluid Power, Inc., a distributor of fluid power components and systems. Terms of the sale were not disclosed at this time.

Calkins is a full-line authorized distributor of Parker’s mobile and industrial hydraulics, filtration and pneumatics products. It also designs and integrates hydraulic power units and systems.

“The acquisition of Calkins represents a continuation of our strategy to build a strong fluid power position and further supports our strategic relationship and authorizations with our primary supplier, Parker Hannifin," said Tribby Warfield, senior vice president and general manager of Kaman Fluid Power. "We see significant growth opportunities and synergies with Calkins and our previously announced acquisitions in the Pacific Northwest of Northwest Hose & Fittings and Western Fluid Components. Calkins is a strong company with excellent technical capabilities that will enhance our capabilities to offer all three Parker motion product groups in this market.”